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In 2019, the global paper diagnostics market was valued at USD 5.9 billion and is poised to witness a growth rate of 8.1% during forecast period. Due to the increased need for cost-effective healthcare in remote areas of developing countries, there is growing popularity of point-of-care diagnostic methods in these countries. Increased adoption of point-of-care diabetes test kits and pregnancy test kits is projected to favor the paper diagnostics market in developed countries.
Changing lifestyle habits such as smoking and unhealthy diet combined with increased incidence of obesity is anticipated to increase the prevalence of lifestyle-related disorders such as diabetes and cardiac diseases across the globe. This will lead to the development of diabetic paper diagnostic test kits in the near future, thereby driving the market. Furthermore, increased investments by the government in Research and Development related to the development of the novel in vitro diagnostics tests and devices have been thrust to the paper diagnostics market. Every year, the European Diagnostics Manufacturers Association (EDMA) invests approximately 1 billion euros in R&D of in vitro diagnostics. With the increased incidence of hospital-acquired urinary tract diseases in India and urging hospitals, doctors focus on delivering proper care and inclusion of diagnostic techniques. There is an urgent need to develop new systems and replacements, including up-grading medical infrastructure. These are also projected to influence the market positively. Moreover, there are untapped opportunities in emerging economies such as India, China, and Brazil in the field of point care diagnostics and it is also expected to boost the market.
The lateral flow assays segment accounted for more than 55% of the market's largest revenue share. The growth is due to the vast usage rate of pregnancy tests and a wide range of product-type applications. Moreover, there is a growing incidence of infectious diseases such as HIV, TB, and pneumonia, which is expected to increase the paper diagnostics market's growth. For instance, in the year 2016, there were around 2.8 million cases of TB in India. Moreover, India accounted for a quarter of the global TB cases. Also, government and healthcare organizations' efforts to create awareness about the detection and treatment of TB contribute to the growth of the paper diagnostics market. The paper-based microfluidics segment has significant growth due to the surging demand for point of care testing and Research and Development investments by life sciences and pharmaceutical organizations. For example, a self-powered, paper-based electrochemical device was developed to identify diseases such as anemia. It is a device made out of paper and helps detect biomarkers and identify diseases by performing an electrochemical analysis. The diagnostic devices market accounted the leading share of revenue in 2017. In blood separation and glucose detection, paper diagnostic devices are used. Greater flexibility and adaptability can be provided by Novel wax patterning technology, thereby increasing the diagnostics devices segment's potential. The monitoring devices also witness a healthy growth. This is due to the increased use of devices in the application, including food testing and nutrient monitoring in aquatic systems. Government bodies will also support the growth of the paper diagnostics market.
Based on Product, the market is segmented into lateral flow assays, dipsticks and paper-based microfluidics. Lateral flow assays segment captured a significant portion of market in 2019. This can be attributed to large scale application in disease diagnostics.
By application, the market is further analysed into clinical diagnostics, food quality testing and environmental monitoring. Clinical diagnostics segment is expected to witness substantial growth during the forecast period.
Key market players
The key market players are:
Device Type Outlook
The report offers a comprehensive insight on the Paper Diagnostics Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
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